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Federal Contractors Employee Stock Ownership Plans Federal Pilot Programs

Womble Bond Dickinson

New DoD Pilot Program Could Boost Opportunities for Employee-Owned Businesses

Womble Bond Dickinson on

On May 30, 2024, the Department of Defense (“DoD”) published a Proposed Rule to establish a Pilot Program to Incentivize Contracting with Employee-Owned Businesses.  The Proposed Rule would benefit contractors that are...more

Maynard Nexsen

DoD Launches ESOP Pilot: Sole Source Follow-On Contracts Limited to Nine Entities

Maynard Nexsen on

Recently, the Department of Defense (“DoD”) issued a memorandum to launch a pilot program that will enable certain contractors owned under an employee stock ownership plan (“ESOP”) to receive sole source follow-on awards....more

Bradley Arant Boult Cummings LLP

DOD Issues Guidance for ESOP Pilot Program

On November 8, 2022, the Department of Defense (DOD) issued a memorandum that provides details on a pilot program that allows government contractors owned 100% by an S-corporation employee stock ownership plan (ESOP) to...more

PilieroMazza PLLC

ESOPs Have Opportunity to Shape DOD Pilot Program on Sole Source Follow-On Contracts

PilieroMazza PLLC on

In late 2021, the National Defense Authorization Act for Fiscal Year 2022 (FY 2022 NDAA) included a first-of-its-kind provision that authorized a pilot program through which businesses that are owned 100% by an employee stock...more

Kaufman & Canoles

ESOP Client Alert – Game Changer: 100% ESOP-Owned Government Contractors Eligible for Sole Source Awards on Follow-On Contracts

Kaufman & Canoles on

Employee stock ownership plan (ESOP) owned government contractors received a holiday gift last week when President Biden, on December 27, 2021, signed the National Defense Authorization Act (the “NDAA”)....more

Holland & Knight LLP

2019 NDAA Analysis: Changes Affecting Small Businesses and the SBIR Program

Holland & Knight LLP on

This is the first blog post in a series analyzing the 2019 National Defense Authorization Act (NDAA) as signed into law on August 13, 2018. Stay tuned for more blog posts covering additional topics in the near future from...more

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